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Feb 28, 2013

Herbalife gives Icahn board seats, right to boost stake

By Martinne Geller

(Reuters) – Herbalife Ltd (HLF.N: Quote, Profile, Research, Stock Buzz) said it plans to add two directors to its board picked by activist investor Carl Icahn, who has supported the nutritional products company in its fight against hedge fund manager William Ackman.

Under terms of the agreement announced on Thursday, Icahn also has the right to increase his stake in Herbalife to 25 percent from nearly 14 percent now.

Feb 28, 2013

Herbalife to add two Icahn representatives to its board

Feb 28 (Reuters) – Herbalife Ltd said it plans to
add two directors to its board picked by activist investor Carl
Icahn, who has supported the nutritional products company in its
fight against hedge fund manager William Ackman.

Under terms of the agreement announced on Thursday, Icahn
also has the right to increase his stake in Herbalife to 25
percent from nearly 14 percent now.

Feb 27, 2013

Exclusive: BCBG exploring sale, may fetch $1 billion – sources

NEW YORK (Reuters) – Fashion house BCBG Max Azria Group Inc, whose clothing has been worn by celebrities such as Beyonce and Angelina Jolie, is exploring a potential sale that could fetch around $1 billion, two people familiar with the matter said on Wednesday.

The company, which owns the BCBGeneration, Max Azria and Herve Leger lines, is being advised by Blackstone Group (BX.N: Quote, Profile, Research, Stock Buzz) on the sale process, said the people, who declined to be named because the talks are private.

Feb 27, 2013

BCBG exploring sale, may fetch $1 bln -sources

NEW YORK, Feb 27 (Reuters) – Fashion house BCBG Max Azria
Group Inc, whose clothing has been worn by celebrities such as
Beyonce and Angelina Jolie, is exploring a potential sale that
could fetch around $1 billion, two people familiar with the
matter said on Wednesday.

The company, which owns the BCBGeneration, Max Azria and
Herve Leger lines, is being advised by Blackstone Group
on the sale process, said the people, who declined to be named
because the talks are private.

Feb 27, 2013

Flowers Foods to win Hostess’ Wonder Bread -source

Feb 27 (Reuters) – Flowers Foods Inc is set to buy
Wonder Bread and some other brands owned by Hostess Brands Inc
for $360 million, a source familiar with the matter
said on Wednesday, giving the No. 2 U.S. baking company a bigger
slice of the fast-consolidating bread business.

Pending approval from a U.S. bankruptcy court judge, Wonder
Bread, along with Butternut, Home Pride, Merita and Nature’s
Pride, will go to Flowers after no other bidder stepped up to
make a competing offer, the source said.

Feb 27, 2013

Exclusive: Flowers Foods set to buy Wonder bread – source

By Martinne Geller

(Reuters) – Flowers Foods Inc (FLO.N: Quote, Profile, Research, Stock Buzz) is set to buy Hostess bread brands including Wonder bread for $360 million after no other bidder stepped up to make a competing offer, a source familiar with the matter said on Wednesday.

The bankrupt bakery company was set to run an auction on Thursday for the brands, which also include Butternut, Home Pride, Merita and Nature’s Pride, but there will be no auction since there were no other bids, the source said.

Feb 27, 2013

Flowers Foods set to buy Wonder bread -source

Feb 27 (Reuters) – Flowers Foods Inc is set to buy
Hostess bread brands including Wonder bread for $360 million
after no other bidder stepped up to make a competing offer, a
source familiar with the matter said on Wednesday.

The bankrupt bakery company was set to run an auction on
Thursday for the brands, which also include Butternut, Home
Pride, Merita and Nature’s Pride, but there will be no auction
since there were no other bids, the source said.

Feb 23, 2013

Buffett deal for Heinz a wake-up call to food industry

BOCA RATON, Florida (Reuters) – The $23 billion buyout of H.J. Heinz (HNZ.N: Quote, Profile, Research, Stock Buzz) by Warren Buffett and private equity put food executives on notice: start showing better results or risk being left behind.

The deal, and the ripples it creates in the sector, was the buzz of the consumer industry’s annual get-together in Florida this week, sponsored by the Consumer Analyst Group of New York.

Feb 21, 2013

Heinz deal prompts Campbell Soup to look closely at costs

BOCA RATON, Florida (Reuters) – The planned $23 billion acquisition of H.J. Heinz Co (HNZ.N: Quote, Profile, Research, Stock Buzz) by Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research, Stock Buzz) and 3G Capital is leading rival Campbell Soup Co (CPB.N: Quote, Profile, Research, Stock Buzz) to take a closer look at its own cost structure, the soup company’s chief executive told Reuters on Wednesday.

3G is run by investors who bought Burger King Worldwide Inc (BKW.N: Quote, Profile, Research, Stock Buzz) and helped engineer the formation of Anheuser Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz). They are known for cutting costs and running very efficient businesses, and Campbell CEO Denise Morrison does not want to stand pat.

Feb 20, 2013

Heinz deal a “call to action” for Campbell Soup

BOCA RATON, Florida (Reuters) – The planned $23 billion acquisition of H.J. Heinz Co (HNZ.N: Quote, Profile, Research, Stock Buzz) by Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research, Stock Buzz) and 3G Capital is leading rival Campbell Soup Co (CPB.N: Quote, Profile, Research, Stock Buzz) to take a closer look at its own cost structure, the soup company’s chief executive told Reuters on Wednesday.

3G is run by investors who bought Burger King Worldwide Inc (BKW.N: Quote, Profile, Research, Stock Buzz) and helped engineer the formation of Anheuser Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz). They are known for cutting costs and running very efficient businesses, and Campbell CEO Denise Morrison does not want to stand pat.